Dr Schaper said some businesses would be absorbing the higher fees by passing on the cost to consumers in other ways. Executive director Russell Zimmerman said recent changes to the way banks charged retailers to process credit card transactions had put even more pressure on retailers' bottom lines. Mr Zimmerman said Westpac, ANZ and NAB had announced plans to give retailers the option to process tap-and-go payments through less expensive routes and expected other banks to follow suit.
In the meantime, he said you might see more businesses asking you to pay a small fee to use contactless payments at the checkout. However, Dr Schaper said businesses that added a surcharge at the checkout had to disclose it clearly and couldn't charge you more than it cost them to process the transaction with their bank. If you notice your local coffee shop or newsagency charging a flat fee for every card payment, that should ring some alarm bells.
Laws were introduced last year to crack down on retailers charging excessive fees for credit, debit and eftpos transactions. Dr Shaper said the ACCC had already issued an infringement notice to a retailer for breaching the legislation and was investigating other complaints from consumers. At the moment there's no way for customers to specify how their tap-and-go purchase is classified.
The only way to get around this is to use cash or go back to swiping your card, punching in your pin and selecting cheque or savings. Dr Schaper said consumers who suspected a business's fees or surcharges were higher than they should be should complain to the ACCC. Editor's note: This story originally quoted Dr Schaper as saying all paywave transactions were processed through the credit card system by default.
This is incorrect. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. How can we help? How Contactless Payments work. Contactless payments at a glance. Contactless transactions are made by holding a contactless card, tag or mobile device close to an enabled-terminal. There are multiple layers of security to protect customers and merchants.
All Smartpay terminals are contactless-ready, with future trends always being explored. Click on the infographic to enlarge. What are the options in New Zealand? AliPay and WeChat Pay are also available for contactless payments from your mobile phone.
Setting up contactless payments. What happens in a contactless transaction? On a Smartpay terminal, the coloured lights on your screen will tell you if the card, tag or smartphone has been successfully read. Safety first — are contactless payments secure? Card Guides. Application Tips. Compare By Card Type. Balance Transfer Cards. Rewards Credit Cards. Cashback Credit Cards. Travel Credit Cards. Airline Credit Cards. Hotel Credit Cards. No Annual Fee Cards.
No Foreign Fee Cards. Business Credit Cards. Student Credit Cards. Secured Credit Cards. We compare the following brands. See all brands. Contactless payments during coronavirus concerns The World Health Organization WHO has advised caution when handling cash, stating that handling money could lead to the transference of germs. Hide details. See offer Read review.
To earn cash back, pay at least the minimum due on time. After that, the variable APR will be Balance Transfers do not earn cash back. Intro APR does not apply to purchases. If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance including balance transfers by the due date each month.
Citi Flex Plan offers are made available at Citi's discretion. Protection against fraudulent transactions provides peace of mind. Data encryption reduces the threat of hackers scanning cards and stealing valuable information. Fast connection without worry of incorrectly typing in your PIN.
Retailers no longer have access to your credit card information. Track and use points or miles for purchases at retailers and sites. Some banks offer additional cash back and perks with this feature. Convenient and quick checkout payments mean faster transactions. If you lose your credit card, your account could be compromised.
Terminal at risk of spyware or malware attacks, as with any other computer device. Where can I find the number to contact my provider about contactless payments? Look for a phone number on the back of your credit card. Are contactless payments secure?
0コメント